Range Resources Company News

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Range Makes Ethane Supply Deal for Appalachia Plant
Range Resources has signed a deal to become an anchor ethane supplier for a proposed ethylene cracker in Ohio.
8:00 PM EST | September 29, 2020
Range to Sell Louisiana Acreage, Cut 100 Jobs
Range Resources Corp. is selling its Louisiana shale fields for about one-10th of what it paid for them just four years ago.
8:00 PM EST | August 03, 2020
Range Awards Electric Frac Contract
Range Resources will deploy electric hydraulic fracturing in Appalachia.
7:00 PM EST | January 30, 2020
Is Chevron's $11B Write-Down an Oilpatch Warning?
Current market conditions are resulting in many US fracking projects failing to break even.
7:00 PM EST | January 13, 2020
Range Resources Closes Houston Office, Lays Off Staff
U.S. natural gas producer Range Resources Corporation will be closing its Houston office, resulting in the layoffs of 50 Houston employees.
7:00 PM EST | November 12, 2019
'Smart' Appalachian Operators Can Handle Sub $2 Natural Gas
Conventional natural gas production site in Pennsylvania, a state at the heart of rising production volumes in the U.S. Appalachian Basin. (Photo: Gaurav Sharma, Sept. 10, 2019)
8:00 PM EST | September 26, 2019
Promised Land for Gas Drillers Turns Into Glutted Beach
Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.
7:00 PM EST | February 05, 2018
Range Recalls 'Incredibly Creative Solution' for Marcellus/Utica 'Problem'
'Dragon-class' and VLEC vessels facilitate transoceanic trade of surplus US ethane.
8:00 PM EST | April 25, 2017
Oil, Gas CEOs Optimistic about Future of E&P in North America
Oil and gas CEOs Harold Hamm, Jeff Ventura and Al Walker are ready to ramp up US exploration and production activity and hope the industry is equipped.
7:00 PM EST | March 09, 2017
PwC: Oil Price Stability Drives Uptick in M&A Deals
Higher commodity prices and cautious optimism resulted in a rise in oil and gas merger and acquisition deals in the second quarter of 2016, according to PwC findings.
8:00 PM EST | July 27, 2016
Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.
8:00 PM EST | July 25, 2016
Range On Track for 1,000 Bopd in Trinidad by End 2015
Range Resources is on track to achieve its previously announced production target of 1,000 barrels of oil per day in Trinidad by the end of 2015.
8:00 PM EST | September 23, 2015
Range Spuds First of 22 Well Program in Trinidad
Range Resources Limited spuds the first development well of its planned 22 well program in Trinidad.
8:00 PM EST | September 06, 2015
Range Confirms Plans to Drill 22 Wells in Trinidad by 2016
Range Resources confirms plans to drill 22 exploration and development wells in Trinidad by the end of the first quarter of 2016.
8:00 PM EST | August 23, 2015
Range Resources Plans to Increase Trinidad Production during 2H 2015
Range Resources plans to increase production in Trinidad during the second half of 2015, following a production decrease of eight percent during June and July.
8:00 PM EST | August 06, 2015
Range Resources Increases Production, Revenue
Range Resources' oil and gas production in Trinidad rises by 8% in the second quarter of 2015, compared to the previous quarter, resulting in a revenue increase.
8:00 PM EST | July 30, 2015
Range Resources to Spud Canari North Well in Trinidad
Range Resources expects to spud the Canari North Exploration Well, located on the Guayaguayare Block onshore Trinidad, during the week commencing July 27, 2015.
8:00 PM EST | July 13, 2015
Range Resources Secures Funding Deal with Chinese Investment Group
Range Resources signs Memorandum of Understanding with Beijing Sibo Investment Management, which could unlock up to $35 million of funding.
8:00 PM EST | May 25, 2015
Range Resources To Pay $4M Drilling Waste Fine
Range Resources has agrees to pay a $4.15 million fine for problems at a western Pennsylvania site that handled natural gas drilling waste.
8:00 PM EST | September 17, 2014
Range Resources Faces Fine Over Pennsylvania Fracking Wastewater Leak
Range Resources did not properly monitor leaks from a wastewater containment pond in Pennsylvania and the state has begun enforcement action that could lead to a fine, state officials say.
8:00 PM EST | August 05, 2014
Range Welcomes Approval of Trinidad Tax Incentives
Range Resources welcomes the approval by the Trinidad and Tobago government of new fiscal incentives designed to reward companies with accelerated development and exploration programs.
8:00 PM EST | June 16, 2014
Range Makes Progress with Trinidad Assets
Range Resources reports progress with its onshore assets in Trinidad.
8:00 PM EST | April 21, 2014
New CEO for Range Resources
Range Resources appoints new CEO and non-exec directors as it prepares for its Trinidad field development program.
7:00 PM EST | February 02, 2014
Range's QUN 142 Well in Production
Range says QUN 142 well in Trinidad is now flowing at 75 barrels of oil per day, and issues operations update indicating its production in the country will get over 1,200 bopd.
8:00 PM EST | June 09, 2013
Range Proposes Tie-up with International Petroleum
Range Resources is proposing a merger with International Petroleum to see an enlarged company that will focus on projects in Russia, Trinidad and onshore Africa.
8:00 PM EST | April 23, 2013
Juniors Strike Georgian Gas Deal
Junior energy firms Range Resources and Red Emperor Resources strike a deal with Georgian Industrial Group to develop a CBM project in the Republic of Georgia.
7:00 PM EST | February 17, 2013
Chesapeake Energy to Host EPA in Study of Fracking Risk to Water
Natural gas producer Chesapeake Energy has agreed to let the Environmental Protection Agency conduct extensive tests at one of its drilling sites as part of an investigation into the safety of hydraulic fracturing.
7:00 PM EST | January 23, 2013
Somalia Result 'Kills' Prospectivity of Shabeel Wells
A disappointing result from the Shabeel North well in Puntland, onshore Somalia, means that Horn Petroleum and its partners will need to looking elsewhere in the region.
8:00 PM EST | August 27, 2012
Somalian Well Test Disappoints
Horn Petroleum, operator of the Shabeel North well in Puntland, has conducted a drill stem test that found only water.
8:00 PM EST | July 22, 2012
Is East Africa the Next Major Oil and Gas Region?
Looking back, Rigzone recalls 15 key news stories that have shaped the upstream oil and gas industry.
8:00 PM EST | July 19, 2012
More Oil at Somali Well
Horn Petroleum has encountered further oil shows at its Shabeel-1 well in Puntland, Somalia, to add to the 490 feet of oil it discovered in early April.
8:00 PM EST | May 13, 2012
Range Resources Reports Further Success at North Chapman Ranch
Range Resources says it is working to achieve maximum rate and recovery from its Smith #2 well, while Albrechet #1 well confirms presence of the Howell Hight reservoir in the area.
7:00 PM EST | March 08, 2012
Range Resources Reports Continued Drilling Success in Trinidad
Range reported progress at its North Chapman Ranch and East Texas Cotton Valley prospects in Texas.
7:00 PM EST | January 26, 2012
Range Charges Ahead at Trinidad
Range provided the following update with respect to its international operations.
7:00 PM EST | December 08, 2011
Range Drills Ahead at Georgia Well
Range Resources, along with its joint venture partners, Strait and Red Emperor announced that Mukhiani 1 well is currently at 510m.
8:00 PM EST | July 27, 2011
Range Resources CEO: Balance Sheet Strongest in Co History
Range Resources Chief Executive John Pinkerton said that its balance sheet, fattened by the recent sale of its Barnett Shale assets, is in the best shape it has ever been in.
8:00 PM EST | July 25, 2011
Range Resources CEO Pinkerton to Step Down amid Transition Plan
Range CEO John H. Pinkerton will step down and be succeeded by Jeffrey L. Ventura, part of a company shift in focus to the Marcellus shale region in Pennsylvania.
8:00 PM EST | June 26, 2011
Range Boosts Production in 1Q 2011
First quarter production volumes averaged 545.5 Mmcfe net per day, a 17% increase over the prior-year period and 1% higher than fourth quarter 2010.
8:00 PM EST | April 18, 2011
Range Recommences Frac Stimulation at North Chapman Proj.
Range announced that the fracture stimulation program has recommenced on the North Chapman Ranch project.
8:00 PM EST | March 20, 2011
Range Finishes 'Strong' in 2010
"We ended 2010 on a very strong note, having completed the best drilling program in our history," said John Pinkerton.
7:00 PM EST | February 22, 2011
Range Closes Revolving Credit Facility
Range has closed a new $2B five-year revolving credit facility.
7:00 PM EST | February 17, 2011
Range Increases 4Q10 Production by 8%
Fourth quarter 2010 production increased 18% over the prior-year period and was 8% higher than third quarter 2010.
7:00 PM EST | January 18, 2011
Africa Oil, JV Partners Get Green Light for Somalian Exploration
Africa Oil and its partners have entered into amending agreements with the Government of Puntland in respect of the PSAs for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area.
7:00 PM EST | January 16, 2011
Range Increases Stake at East Cotton Valley Prospect
Range has acquired an additional 8.1875% working interest in its East Texas Cotton Valley project.
7:00 PM EST | January 10, 2011
Range, Strait Enter HOA with Red Emperor Resources
Range and Strait have entered into a Heads of Agreement ("HOA") with Red Emperor Resources to acquire a 20% farm-in interest in Georgia.
7:00 PM EST | January 09, 2011
U.S. Energy Finalizes Acquisitions, Invests in Marcellus Plant
U.S. Energy Development Corporation has finalized the acquisition of several oil and gas properties throughout the Appalachian, Williston and Midland Basins and also the Marcellus Shale regions.
7:00 PM EST | December 13, 2010
RRC Calls EPA Investigation into Contaminated Well Premature
The Railroad Commission of Texas (RRC) has called the U.S. Environmental Protection Agencys (EPAs) issuance of an Endangerment Order for a water well in Parker County, Texas found to contain natural gas premature and grandstanding in a move to
7:00 PM EST | December 07, 2010
Range Declares Dividend
Range declared a quarterly cash dividend on its common stock.
7:00 PM EST | December 01, 2010
Range Notes Initial Seismic Review of Georgia Blocks
Range announced the initial results from the draft report entitled Seismic Interpretation, Field Mapping and Evaluation of Prospective Hydrocarbon Volumes across the Company's two Georgian blocks.
7:00 PM EST | November 17, 2010
Range Reports 15% Increase in 3Q Production Volumes
Range Resources provided an operations update. Third quarter production volumes increased 15% over the prior-year period and 7% higher than second quarter 2010.
8:00 PM EST | October 20, 2010